Russia: An Uninvestable Country

Ikea said Tuesday that it was suspending further investment in Russia, apparently because of pervasive corruption and demands for bribes.

The announcement came after a rare statement by Ikea’s 83-year-old founder in a radio interview that Ikea had decided not to solve problems by slipping money under the table.

Kudos to Ikea for standing up and going public with how corrupt Russia is, but they should not be surprised, and they should have known better than invest money and time in Russia. Russia is run mafia style and people on the inside and who live there can easily tell you that there is little difference between the Russian mafia and the Russian government. I refuse to invest one penny in that country and this article is yet another reason to stay far away from its corrupt ways.

Here is the link: Russian Corruption